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Air Cargo

FedEx Air Shipments Delayed as Omicron Variant Sickens Pilots

Editor’s Note: This article originally appeared on FreightWaves.com. The rise in COVID infections fueled by the omicron variant and bad weather that has forced passenger airlines to cancel thousands of flights is now disrupting operations at FedEx Express.[insert stock ticker] The parcel and freight carrier warned recently that staffing problems resulting from rising infection rates […]

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Increased Flying for Amazon Air helps ATSG to Record Q3

Air Transport Services Group, a diversified air cargo provider, racked up another win in the third quarter of 2021 with record revenues and pre-tax earnings of $81.2 million compared to $5.6 million a year ago. Credit the strong e-commerce demand and an industry shortage of cargo capacity. ATSG, a Wilmington, Ohio-based company, beat analysts’ consensus […]

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Maersk Expands with Air Freight Investments

Editor’s Note: This article originally appeared on FreightWaves.com. Ocean shipping giant A.P. Møller – Maersk on Tuesday further expanded into the air freight market with the planned acquisition of German freight forwarder Senator International and investments in new cargo aircraft, including two new factory-direct Boeing 777s. The deal is valued at $644 million and is […]

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Delta Air Lines on pace for $1 billion in cargo revenue in 2021

Editor’s Note: This article originally appeared on FreightWaves.com. Strong growth in cargo revenue during the third quarter helped Delta Air Lines turn its first profit since the start of the pandemic, but officials warn rising fuel costs could temporarily derail the momentum during the current period. Delta announced it has acquired two used Airbus A350 […]

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Pilot in aircraft
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